Franklin FTSE Taiwan ETF (NYSEARCA:FLTW) Stock Price Down 1.5% – Time to Sell?

Franklin FTSE Taiwan ETF (NYSEARCA:FLTW)’s stock price traded down 1.5% during trading on Wednesday . The company traded as low as $48.93 and last traded at $49.51. 25,216 shares changed hands during trading, a decline of 53% from the average session volume of 53,389 shares. The stock had previously closed at $50.25.

Franklin FTSE Taiwan ETF Trading Down 1.5 %

The company has a market cap of $252.51 million, a price-to-earnings ratio of 15.14 and a beta of 1.00. The firm has a 50-day moving average price of $48.26 and a 200 day moving average price of $47.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FLTW. Boltwood Capital Management lifted its stake in Franklin FTSE Taiwan ETF by 11.4% in the third quarter. Boltwood Capital Management now owns 10,250 shares of the company’s stock valued at $494,000 after buying an additional 1,050 shares during the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of Franklin FTSE Taiwan ETF by 1.9% in the 2nd quarter. Main Management ETF Advisors LLC now owns 193,510 shares of the company’s stock worth $9,412,000 after acquiring an additional 3,700 shares during the period. CX Institutional bought a new stake in Franklin FTSE Taiwan ETF in the 3rd quarter valued at about $4,170,000. Finally, Principal Financial Group Inc. acquired a new position in Franklin FTSE Taiwan ETF during the 3rd quarter valued at about $35,010,000.

Franklin FTSE Taiwan ETF Company Profile

The Franklin FTSE Taiwan ETF (FLTW) is an exchange-traded fund that is based on the FTSE Taiwan RIC Capped index, a market-cap-weighted index of Taiwanese companies, excluding small-caps. FLTW was launched on Nov 2, 2017 and is managed by Franklin Templeton.